While millions of Americans were affected by the robo-signing scandal that resulted in massive amounts of improper foreclosures over the past several years, it seems that a number of those victims were military members. In all, some of the nation's largest mortgage lenders improperly foreclosed upon some 700...
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Four out of the five largest U.S. mortgage servicers, all of which were involved in the robo-signing settlement, received three-star ratings for their service performance in the first half of 2012 in a Fannie Mae performance report. But that doesn't mean that they couldn't have done better.
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Like a dark, ominous cloud, the menace of a foreclosure onslaught has loomed portentously over the U.S. real estate market in recent months, threatening to wash away a fledgling recovery.
Now it looks like the storm has hit -- but this time we may be ready for it.
After more than two years of sputtering, the...
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Borrowers who think banks improperly foreclosed on them between 2009 and 2010 now have more time to request an independent review that could compensate them.
The Office of the Comptroller of the Currency and the Federal Reserve announced Wednesday that they are extending the deadline for qualified borrowers to...
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Marking the conclusion of the largest joint state-federal settlement in history, the National Association of Attorneys General announced today that the nation's five largest mortgage servicers -- Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup, Inc., and Ally Financial...
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WASHINGTON -- Forty-nine U.S. states have reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.
Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998...
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In today's post-bubble housing market, it's not uncommon for landmark buildings to fall into foreclosure. But this Atlanta tower is noteworthy for two reasons – it's the tallest skyscraper in the Southeast, and its sale smacks of irony.
The Bank of America Plaza, the 55-story skyscraper where BofA still...
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WASHINGTON -- The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday.
A draft settlement between the banks and U.S. states has been sent to state officials for review.
Those...
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By Les Christie
NEW YORK (CNNMoney) -- Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight.
Among the tactics: Challenging the bank's actions, waiting to file paperwork right up until the deadline, requesting the lender...
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NEW YORK -- Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the "robo-signing" of documents, potentially undermining negotiations between lenders and state prosecutors across the nation over the same issue.
The lawsuit named Bank of America Corp., JPMorgan Chase &...
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Improper foreclosure practices are so widespread in Las Vegas that one reporter trying to expose them found that he too was a victim.
George Knapp, chief investigative reporter for Las Vegas CBS affiliate KLAS, was investigating how "tens of thousands" of people who thought they were homeowners turned out not...
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By Loren Berlin
The Office of the Comptroller of the Currency issued a report Tuesday naming the independent auditors who they've assigned to review the files of Americans who may have been mistreated during recent foreclosure proceedings. But the announcement set off a firestorm of criticism from consumer...
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What goes around comes around. Well, at least in the case of a "foreclosure mill" that mocked the beleaguered homeowners that it helped remove from their homes.
The same foreclosure law firm that held a homeless-themed Halloween party and has been investigated by the government for unlawful business practices...
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By Arthur Delaney and Loren Berlin
The Nevada attorney general has indicted two midlevel staffers at a mortgage document company, Lender Processing Services, on a whopping 606 counts of felony and gross misdemeanor for directing employees to forge signatures and falsely notarize documents used to illegally...
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With the national foreclosure settlement ramping up, victims of the housing crisis may finally be getting some satisfaction. Starting this week, more than 4 million homeowners who faced foreclosure between 2009 and 2010 may be able to get their cases reviewed to determine whether their lenders engaged in...
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WASHINGTON -- Mortgage giant Fannie Mae knew about allegations of improper foreclosure practices by law firms in 2003 but did not act to stop them, a government watchdog says.
Similar allegations are the subject of a probe by state attorneys general into how lenders and law firms ignored proper procedures to...
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NEW YORK -- It's no secret that Bank of America wants to put its mortgage-related woes behind it. But it appears that a key $8.5 billion settlement with large investors is playing a role in pushing many more people into foreclosures.
The number of homes across the country that received an initial default...
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Sarah Palin's growing list of titles –- author, documentary subject, roving bus tour host –- just got bigger. She may now be able to add "mortgage fraud victim" to her resume.
The conservative celebrity invested in a company that paid $1.7 million for an Arizona home with a title tainted by the...
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The nation's largest mortgage companies are operating on the assumption that they will have to pay as much as $20 billion to resolve claims of widespread foreclosure abuse, an amount four times what they originally had proposed, the top federal official overseeing the discussions told state officials Monday,...
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Imagine calling home from active duty in Iraq to find that your wife and family have been evicted from their home -- all because your lender overlooked the paperwork. It happened to at least 170 active duty servicemembers over the past few years, some of whom returned from duty with post-traumatic stress...
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A Georgia homeowner was awarded $21 million in a lawsuit against one of the largest mortgage servicers in the nation. The homeowner, David Brash, a U.S. Army sergeant, claimed that PHH incorrectly reported his account as "seriously delinquent," when payments had been made on time through automatic deductions...
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